A coastal high-speed passenger
ship route from the North to the South opened by the
Viet Nam Shipbuilding Industry Corporation (Vinashin)
is expected to come into operation in 2008, said Mr.
Pham Thanh Binh, chairman of the board of directors
of Vinashine.

Each ship, carrying 2,000 passengers
and 1,000 cars, will travel from Quang Ninh Province
to Hue and Soai Rap-Ho Chi Minh City in 30 hours. The ship costs
less than the train fare.

Beside, Vinashin will issue bonds worth
VND1, 000 billion this year. Nine subsidiary companies
under the corporation will also list their shares on
the Vietnamese stock market. Vinashin expects to list
its shares on international stock markets in 2010, Mr.
Binh added.